My charts (and yours too........)

[Romeo and Elliott]

Possibly a first wave... hence the behaviour (long shadows, as opposed to well formed bodies). Crossing the previous bottom/top S/Rs would be a good sign.

I suffer from tachycardia in first waves, therefore usually wait for a third.

The triple bottom made surely looks like a good sign. And from what i see here (i dont have a chart), if you join the past two highs, do a lot of bodies fall on the trendline ? it validates a trendline as a resisting price line, thereby validating the breakout. Could be a bit of a bumpy ride (long shadows) on its way up.

 

[kaly422000]

Today i bought Dredging corp 40 shares @ 423.15 RS Sl 405 risk/trade =1000
any suggestion about my entry?

i think u enter on a basis of woolfwave but may be u taking risk.
dredgecorp is in downtrend making lower low in daily chart.
r u sure it is woolfe wave formation. though some rsi divergenece seen and stotastic cross over . weakly is ok sud have sl at 414 as double bottom formed

 

[dhootankur]

i think u enter on a basis of woolfwave but may be u taking risk.
dredgecorp is in downtrend making lower low.
r u sure it is woolfe wave formation

Yeah it seems its good WW. Having quite good volume at 5th points & bar counts are even not bad.
And most important thing with WW is its a contrarian move always made a bottom and top of any movement. If you remember last upmove before Crash occurred, WW has been made at top where nobody thought that crash will carve out of this movement of market(WW recognition's credit goes to WW expert Ajax Sir :clapping: )

Preethi ji I suppose you pick is quite good enough and today's volume is even saying people are bullish on it. Expecting 2morrow some movement in it. Let's c what carve out from it.

 

[4xpipcounter]

Vinst, don't forget. What is incomplete on the hourly is completed on the 15m.

read this indicator based re-painting on several forex forums and it completely baffles me. Any indicator needs the latest bar to be completed. Can the users ignore even this basic requirement and start taking trades with incomplete candles/bars ?

vin

 

[4xpipcounter]

Gbp/usd

http://img404.imageshack.us/i/usdjpy.png/

Cable is going for an ugly ride around the barn. I went short at 1.5415 and had my 1st losing trade in 2 weeks. My WS1 stopped the freight train in its tracks, but I still favor the move to 1.5319, my WS2.
BTW, that is what I call volatility-- a 130-pip RT in one day.

Funny story. I was checking things out on my demo, and Tucker (That's him in the pic. Some thought it was me, but I had to tell them I'm not that handsome--LOL) places his paw the mouse while I was viewing the charts. It happening to hit the buy button. I let it run in knowing it would eventually go that way. I took the demo trade out at 1.5501, WR1.
Unreal! My dog had a better day than I did.

 

[kaly422000]

Yeah it seems its good WW. Having quite good volume at 5th points & bar counts are even not bad.
And most important thing with WW is its a contrarian move always made a bottom and top of any movement. If you remember last upmove before Crash occurred, WW has been made at top where nobody thought that crash will carve out of this movement of market(WW recognition's credit goes to WW expert Ajax Sir :clapping: )

Preethi ji I suppose you pick is quite good enough and today's volume is even saying people are bullish on it. Expecting 2morrow some movement in it. Let's c what carve out from it.

http://img571.imageshack.us/i/dredge.png/ ww have to learn more but these one easy to me

 

[preethi21]

i think u enter on a basis of woolfwave but may be u taking risk.
dredgecorp is in downtrend making lower low in daily chart.
r u sure it is woolfe wave formation. though some rsi divergenece seen and stotastic cross over . weakly is ok sud have sl at 414 as double bottom formed

ya i have taken risk, calculated risk ie 1000 rs/trade,,,
I am sure its wolf wave,, with 70% winning chance,,

I will add RSI , stotastic filter for more perfection ,,

 

[vinst]

Vinst, don't forget. What is incomplete on the hourly is completed on the 15m.

repainting should not be read across time frames. If 15 minute candle is complete, then its signal is frozen.
For hourly signals, need to wait for hourly candle to close.

I think re-painting is not indicator fault and is spurious. It is the fault of people who think they are trading a particular timeframe without allowing that time frame bar to complete.

regards,
vin

 

[4xpipcounter]

I agree with you. I also believe that repainting type of indicators cater to ones that want an easy indicator, because that is what they appear.
OTOH, I'm not a strong candlestick trader. I'm more mathematical.

repainting should not be read across time frames. If 15 minute candle is complete, then its signal is frozen.
For hourly signals, need to wait for hourly candle to close.

I think re-painting is not indicator fault and is spurious. It is the fault of people who think they are trading a particular timeframe without allowing that time frame bar to complete.

regards,
vin

 

[VJAY]

[/URL] Uploaded with ImageShack.us[/IMG]

[/URL] Uploaded with ImageShack.us[/IMG]


Dear friends,
Please share your views